Motel Leasehold Country NSW For Sale

Business description

This business is a three star motel leasehold in one of the largest inland cities in NSW, consisting of 36 rooms, a 45 seat licensed restaurant, cocktail bar and lounge, 4 function rooms and a huge stainless steel commercial kitchen. The restaurant and function rooms are divided by concertina doors which, when open, will seat and cater for 130 guests.

With 19 years remaining on current lease plus options, this motel enjoys an average annual occupancy of 70%, with about 90% corporate patronage. All units boast r/c a/c, Austar, internet capability and direct dial telephones.

The motel itself boasts an inground pool, guest laundry and outdoor BBQ facilities. Meals are delivered to units upon request. All town facilities including shops, cafes, schools, fast food outlets, etc. are all within a few minutes of this motel.

This motel enjoys a healthy turnover and nett profit. Return custom is common with numerous community and corporate groups attending regularly for conferences.

Conveniently located midway between Melbourne and Brisbane makes this city an ideal stopover to break up the journey.

Property information

Real Estate:

Lease

Lease terms:

19 years remaining + options.

Living accommodation:

3 bedroom residence attached to reception area, bathroom, lounge, small kitchen.

Location:

Prime main road frontage.

Other information

Competition / Market:

Numerous other motels in area, but this one has market dominance.

Reasons for selling:

Retirement.

Trading hours:

7am - 10pm.